CHROMETCO LIMITED - Distribution Of Circular And Notice Of General Meeting

Release Date: 30/05/2017 16:30
Code(s): CMO
 
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Distribution Of Circular And Notice Of General Meeting

CHROMETCO LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2002/026265/06)
Share code: CMO
ISIN Code: ZAE000070249
(“Chrometco” or “the Company”)


DISTRIBUTION OF CIRCULAR AND NOTICE OF GENERAL MEETING

Shareholders are referred to the detailed terms announcement
released on SENS on 25 August 2016 wherein the Company
announced that it had entered into agreements to recapitalise
the Company by way of a subscription agreement for R5 million
and a loan facility of R10 million (“Recapitalisation”).

The Company also announced that it had entered into an
agreement to acquire 51% of Palm Chrome Holdings Proprietary
Limited in exchange for 200 million Chrometco ordinary shares
(“Palm Chrome Acquisition”).

Furthermore, the Company announced that it had entered into an
agreement to acquire 51% of Black Chrome Holdings Proprietary
Limited and 25% of the commodity trading company, Sail
Minerals Proprietary Limited in exchange for 2 205 million
Chrometco ordinary shares (“Black Chrome Acquisition”).

Shareholders are hereby advised that the JSE has formally
approved the circular relating to the Recapitalisation, Palm
Chrome Acquisition and Black Chrome Acquisition (“the
Circular”) and that the Circular was distributed to
shareholders today, 30 May 2017.



NOTICE OF GENERAL MEETING

Notice is hereby given that a general meeting of Chrometco
shareholders will be held at 10:00 on Tuesday, 18 July 2017,
at Rosebank Towers, 15 Biermann Avenue, Rosebank, 2196 (“the
General Meeting”), to consider and if deemed fit approve, the
resolutions relating to the Recapitalisation, Palm Chrome
Acquisition and Black Chrome Acquisition as contained in the
notice of General Meeting which forms part of the Circular.
The date on which shareholders must be recorded in the share
register of the Company for purposes of being entitled to
attend and vote at the General Meeting is Friday, 7 July 2017,
with the last day to trade being Tuesday, 4 July 2017. The
Circular incorporating the notice of General Meeting is also
available on the Company’s website www.chrometco.co.za and can
be viewed at its offices at 71 Van Beek Avenue, Glenanda,
during office hours.



Johannesburg

30 May 2017

Designated   Advisor   and   Corporate   Advisor:   PSG   Capital
Proprietary Limited

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